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Reuters
Published
Jan 4, 2018
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Walgreens quarterly profit falls 22 percent

By
Reuters
Published
Jan 4, 2018

Drugstore chain Walgreens Boots Alliance Inc on Thursday reported a 22.1 percent fall in quarterly profit, partly hurt by an impairment charge related to its investment in Chinese wholesale partner Guangzhou Pharmaceuticals.


Photo: Walgreens



Net income attributable to Walgreens fell to $821 million, or 81 cents per share, in the first quarter ended Nov. 30, from $1.05 billion, or 97 cents per share, a year earlier.
Net sales rose 7.9 pct to $30.74 billion.

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